SAN FRANCISCO, March 21, 2019 /PRNewswire/ -- DocuSign
Inc. (NASDAQ: DOCU) today announced the DocuSign Agreement
Cloud, a suite of products and integrations for digitally
transforming how organizations prepare, sign, act on, and manage
agreements. By helping to automate and connect the entire agreement
process, the DocuSign Agreement Cloud allows business to be done
faster with less risk, lower costs, and better experiences for
customers, partners, and employees.
Included in the DocuSign Agreement Cloud are three new products
announced today that simplify and accelerate document generation,
identity verification, and click-to-agree scenarios. These are in
addition to DocuSign's flagship eSignature product, the recently
acquired SpringCM offering for contract lifecycle management, and
several other existing DocuSign products.
Also included in the DocuSign Agreement Cloud are hundreds of
integrations to other applications that touch the agreement
process, such as those by Salesforce, Microsoft, Google, and SAP.
Together, this comprehensive suite defines a new category of cloud
software that potentially doubles DocuSign's existing total
available market to an estimated $50
billion globally.*
This broadening of the company's capabilities comes at the end
of its first fiscal year in the public markets, having grown
revenue 35% to $701 million in fiscal
2019.
"We are now an agreement cloud company," said Dan Springer, chief executive officer at
DocuSign. "We defined the original eSignature category. Now we are
doing it again, only bigger, with the category of agreement clouds.
Our customers want us to modernize their entire systems of
agreement—what happens before, during, and after the signature—and
that's exactly what the DocuSign Agreement Cloud is designed to
do."
As part of today's announcement, three new products are coming
to market as part of the broader DocuSign Spring '19 Release.
DocuSign Gen for Salesforce, available on Salesforce
AppExchange, enables sales reps and other users to automatically
generate signature-ready contracts with a few clicks, directly from
within Salesforce. This can result in faster deals, fewer errors,
and greater productivity.
DocuSign Click allows organizations to capture consent to
standard agreement terms on websites, such as a privacy policy,
with a single click. These no-signature-required agreements are a
new opportunity for DocuSign to replace in-house or custom
solutions, which are costly to maintain and often lack DocuSign's
extensive auditability.
DocuSign ID Verification simply and securely automates the
verification of government-issued IDs and European eIDs when they
are used in confidential or sensitive transactions. For example,
opening a bank account would normally require the signer to
physically present a photo ID. DocuSign ID Verification allows this
process to be digitized and automated, enabling signers to verify
their identity on a mobile device from practically anywhere.
"The DocuSign Agreement Cloud represents the future of our
business—and the future is now," added Springer. "The agreement
cloud category is inevitable. It complements other huge categories
like CRM, HCM, and ERP, which all connect to the agreement process.
At DocuSign, we already lead e-signature. Now, we are broadening to
address the entire agreement process."
For more information, visit
https://www.docusign.com/products/agreement-cloud.
*The $50 billion total
available market estimate derives from DocuSign's bottom-up market
sizing based on its sales-forecasting methodology, augmented by
expert interviews, customer surveys, and market data from a
global strategy consulting firm.
Customer quotes
"The DocuSign Agreement Cloud facilitated a piece of automation
that our business needed. It connects our salespeople straight to
customers in a highly automated way. We've now completed thousands
of deals using the DocuSign Agreement Cloud, and on average we are
able to close these deals in less than half a day compared to
five when we don't use DocuSign," said Alan
Bronowicz, head of business process management at Refinitiv.
"The DocuSign Agreement Cloud makes it easier for our customers to
do business with us—and makes it easier for our staff to do
business with our customers. So, it's a win for everybody."
"We've been using DocuSign eSignature and Payments across our
business and it has revolutionized how we work," said Weston Betts, director of business development
at Blockparty. "Currently, we coordinate a high volume of
hospitality events and it's critical our customer and partner
agreements are accurate—they expect perfection. All of this
information is within Salesforce, but we still spend time
double-checking our work to ensure there are no errors. After
getting an early preview of the DocuSign Agreement Cloud solutions,
we are excited for the positive impact it can have on how we
sell."
"We are happy to see DocuSign expanding its presence on
AppExchange with DocuSign Gen for Salesforce—powered by Lightning,"
said Mike Wolff, SVP, ISV Sales,
Salesforce. "Gen will provide salespeople with an exciting new way
to automatically generate agreements."
"As a manufacturer of specialized opening glass wall systems,
it's critical for us to send out quotes as quickly as possible.
With DocuSign Gen for Salesforce, we've seen how we can
significantly reduce time spent on manual data entry, allowing us
to win deals faster. And compared with other document generation
solutions I've used in the past, DocuSign Gen for Salesforce is so
much simpler to manage and use," said Joe
Rapolla, sales & marketing operations manager, NanaWall
Systems.
Media Relations:
Adrian
Wainwright
Head of Communications
media@docusign.com
Investor Relations:
Annie
Leschin
VP Investor Relations
investors@docusign.com
About DocuSign, Inc.
DocuSign helps organizations
connect and automate how they prepare, sign, act on, and manage
agreements. As part of the DocuSign Agreement Cloud, DocuSign
offers eSignature: the world's #1 way to sign electronically on
practically any device, from almost anywhere, at any time. Today,
more than 475,000 customers and hundreds of millions of users in
over 180 countries use DocuSign to accelerate the process of doing
business and to simplify people's lives.
For more information, visit www.docusign.com, call
+1-877-720-2040, or follow @DocuSign on Twitter, LinkedIn, Facebook
and Instagram.
Copyright 2003-2019. DocuSign, Inc. is the owner of DOCUSIGN®
and all its other marks (www.docusign.com/IP).
About Salesforce AppExchange
Salesforce AppExchange,
the world's leading enterprise cloud marketplace, empowers
companies to sell, service, market and engage in entirely new ways.
With more than 5,000 solutions, 6 million customer installs and
80,000 peer reviews, it is the most comprehensive source of cloud,
mobile, social, IoT, analytics and artificial intelligence
technologies for businesses.
Salesforce, AppExchange and others are among the trademarks of
salesforce.com, inc.
Forward-Looking Statements
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which may be obtained by visiting our Investor Relations web site
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SOURCE DocuSign, Inc.